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Dec 7, 2012
12/12
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CNBC
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hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6 to a mere 0.4%. it's warned of an imminent recession as problems in europe periphery weigh. futures at the moment forecasts a soft start. down 15 at the moment on the dow, nasdaq currently called down 3.8, and s&p 500 around 1.5 points. european stocks are flat really. forgave points for the ftse, xetra dax is up though at it highest level since 2008. up nearly 28% this year. flat on the cac, ibex down two thirds. but hurricane sandy is expected to have put a pretty big accident in the november u.s. jobs report. it's out at 8:30 eastern. nonfarm p
hurricane sandy, though, still making waves. analysts expect the super storm to dent unemployment figures out later today. we'll review that report when we come back. >>> here are the headlines. u.s. job growth is expected to have slowed significantly in november as hurricane sandy battered the economy. japanese authorities have lifted all tsunami warnings after a 7.3 magnitude quake struck off the northeastern coast. and bundesbank has sharply lowered germany's growth outlook from 1.6...
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Dec 7, 2012
12/12
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WUSA
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did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you. i'm terrell brown. a strong earthquake hit northeastern japan this morning, the magnitude 7.3 quake struck in the early evening in the same area that suffered a powerful quake and tsunami last year. a tsunami warning has been issued. residents have been told to move to higher ground. the fukushima nuclear plant has not been damaged. the quake was felt as far south as tokyo. lucy craft is in tokyo. what can you tell us? >> reporter: no reports of damage or injury. it's still way too early. we have a tsunami warning. the tide is about three feet or two meters or one meter, i should say. very interesting, this time the warnings came very "fast a
did superstorm sandy deliver a hit to hiring. >>> the duchess of cbridge is discharged from the london hospital where she was treated for morning sickness april and for the first time one of kate's relatives is talking about her pregnancy. >> what is your reaction about the news to duchess of cambridge. >> how do you know i'm not a radio station? >> this is the "cbs morning news" for friday, december 7, 2012. >>> good morning. good to be with you....
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Dec 3, 2012
12/12
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KRON
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off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that can wants medicare runs out. the budget office announced an added benefit. cheaper drugs means more people taking their medication and reducing long-term medical costs. >> schools for thousands of public school students is about to get longer. five states will announce today their adding at least 300 hours of learning time to some schools starting next year. we're talking about paul rafeal, connecticut, massachusetts, new york and tennessee all taking part in this initiative. the goal is to improve student achievement and make u.s. schools more competitive on the g
off the sandy spending included floating shelters, emergency supplies. the cause for new york state alone is about $33 billion. federal contract spending related to a sandy does not come close to the amount spent in the work week of hurricane medicare patients have save $5 billion on prescription drugs since passage of the health-care overhaul two years ago. the savings are a continuation of the 2010 health care laws attempt to close the door on the whole or the prescription drug expenses that...
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Dec 7, 2012
12/12
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KPIX
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what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i like feeling both clean and pampered. why should i compromise? quilted northern ultra plush® with the innerlux layer. for a comfortable, confident clean, or your money back. maybmaybe you can't.re; when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> t
what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands...
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Dec 3, 2012
12/12
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KPIX
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. >>> more than a month after hurricane sandy, the governors of new york and new jersey are asking for $80 billion in federal aid. many homeowners thought they were already covered by federal flood insurance but as michelle miller reports this morning they are getting an unwelcomed surprise. >> reporter: roman and mariana's staten island home was flooded by 11 feet of water when sandy struck. >> how high did the water come in? >> it went through the ceiling on to the first floor. >> reporter: they had flood insurance through fema. that's common for people who live in flood zones. they thought the inspector from fema would give them a check to repair $100,000 in damages. >> first floor where you're standing right now is definitely not covered by the flood policy. >> why? >> this neighborhood is considered to be in the flood zone. >> reporter: under fema's flood insurance program the first floor of a house should be used for parking or storage only. furnaces and water heaters are covered but finished walls, floors and furniture are not. that caught them and other homeowners we met by sur
. >>> more than a month after hurricane sandy, the governors of new york and new jersey are asking for $80 billion in federal aid. many homeowners thought they were already covered by federal flood insurance but as michelle miller reports this morning they are getting an unwelcomed surprise. >> reporter: roman and mariana's staten island home was flooded by 11 feet of water when sandy struck. >> how high did the water come in? >> it went through the ceiling on to the...
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Dec 7, 2012
12/12
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FOXNEWSW
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. >> today's unemployment effort will be the first since super storm sandy hit the east. any jobs that were lost economists are expecting a lousy report as a result of the storm. but regardless of what the number is, we are still one day closer to the fiscal cliff. even though speaker of the house john boehner's office says the lines of communication on both sides are open we know one thing is not being discussed by democrats and that one thing is extending the busheir raw tax cuts for top earners. >> oo i am not going to sign any package that prevents the top to go up but i am going to get something that is good for this fm lay and good for the american economy. >> in the senate mitch mcconnell proposed a vote on the part of the president's proposal that would allow the white house and not congress to control on its own without their input. but majority leader harry reid said that is not. >> if the president's proposal is made in good faith our friends should be eager to vote for them. so i am surprised the majority leader declined a chance for them to support it for the
. >> today's unemployment effort will be the first since super storm sandy hit the east. any jobs that were lost economists are expecting a lousy report as a result of the storm. but regardless of what the number is, we are still one day closer to the fiscal cliff. even though speaker of the house john boehner's office says the lines of communication on both sides are open we know one thing is not being discussed by democrats and that one thing is extending the busheir raw tax cuts for...
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Dec 4, 2012
12/12
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MSNBCW
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a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies listed very often they performed really badly amid accounting issues as well. the sec taking aim at the accountants. >> all right, steve. >> actually, the london markets today are going to be crazy. when you talk to steve about that. >> out of hand. >> a lot of big news going on over there. >> yeah. i'm sort of -- >> popping, explode. >> i don't know how i feel about reporting on these things. >> then let me do it. it's official, kate middleton, the duchess of cambridge is pregnant. they went public with the news yesterday earlier than they wanted to because kate wa
a little bit of that was the replacement of cars from superstorm sandy. that is really good news there for the auto sector. the markets have been down lately. we had average to poor manufacturing data out of the u.s. in the last 24 hours as well. also keep an eye on the big accounting companies as well. the sec is taking aim at them allegedly haven't handed over the documents that the sec wants to see in relation to chinese companies listing in canada and the united states when those companies...
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Dec 10, 2012
12/12
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KTVU
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superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the unemployment rate of 7.7% - it went down a little bit - based on the fact that there were fewer people looking for work, not more people finding work. > > sure. at the end of the day, i think there are really two things, and i harp on these each and every time i come on the show, that are kind of driving unemployment in this country. one, i think there's a structural problem. i don't think the fed is going to be able to have people create more jobs, because there is a problem with a mismatch of skills. there are two articles in friday's wall street journal that kind o
superstorm sandy. would bring it down by about 80,000. on the other side of the equation, you actually had an early thanksgiving, which could have added some jobs as employers pulled forward their normal seasonal hiring. so the 146, or 147, is about the same as- > 147,000 jobs created. > > right. is about the same as what has been created over the last two years. in 2011 the number was about 150,000 on average. in 2012, 150,000 on average. > it's also based on - at least the...
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Dec 5, 2012
12/12
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FOXNEWSW
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these toys are heading to new jersey to lift of the spirits of chdren affected by hurricane sandy. >> i like the military and everything. it was awesome meeting everybody and talking to everybody and also getting the presents. >> his father is a volunteer firefighter and helped perform rescue while his own home was taking on water. >> i would rather be giving and helping than receiving. it is nice to know that there is much love and appreciation for everybody. >> in addition to helping families, toys for tots is assisting the charities. at a time when they can't think of toys when they are focusing on basics of food and water. >> families want to have a holiday eep though they are in hotel rooms and couches of friends. this will help us. >> christmas cheer delivered on wippings of angels. this is fox news. >> i think that is the real santa there. >> i have seen the blue angels. they are fantastic. time for the awesomely bad christmas cards and photos. here is one from georgia. mom and dad having trouble getting their son marshall to sit still for a picture with
these toys are heading to new jersey to lift of the spirits of chdren affected by hurricane sandy. >> i like the military and everything. it was awesome meeting everybody and talking to everybody and also getting the presents. >> his father is a volunteer firefighter and helped perform rescue while his own home was taking on water. >> i would rather be giving and helping than receiving. it is nice to know that there is much love and appreciation for everybody. >> in...
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Dec 7, 2012
12/12
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KTVU
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tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out that we will see a renaissance in commodities. are you bullish on any particular commodities here? > > i am bullish on the agriculturals, for reasons of which the supply and also the growing drought that we had this past year, the continued conditions that make for dry growing season next year as well. so i think from a supply/demand standpoint, yes, i think agricultural. the other thing i like, commodities in general, is when the fed's buying $85 million a month worth of treasuries, i think you are going to have to like commodities. > what is your play on the dollar? > > i would have exp
tim, we are being told there could be a murky jobs number because of hurricane sandy. what do you think about that? > > i think the market will dismiss a weaker-than-expected number because of hurricane sandy and the distortions that it has and look more toward next month, or january's report, that we will get. so, i think they will let it slide. but it should be weaker than expected. i think that is expected by the market, so it shouldn't be a surprise. > goldman sachs has a call out...
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Dec 3, 2012
12/12
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CNBC
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sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we are on track to finish this year probably at about 14 1/2 million. that's going to fall shy of the 16 million in 2007 but above what we saw in 2008. it's certainly what we were expecting and we'll have even stronger numbers in december. >> it is a really good numbers from honda as well. phil lebeau, thank you for that. >>> twint che >>> i want to check back in with jackie deangelis. president taking questions via twitter. >> the first question was@paulmmckenzie. can you assure us that any fiscal cliff negotiations regarding entitlement reform will not hurt th
sandy. post-sandy storm. buying in the new york, new jersey area. in fact when you talk with dealers in that area they say they saw sales gained throughout the month and that's good news for luxury automakers. bmw just reported sales increasing 38.8% for the year. they've sold almost a quarter million bmws here in the united states and as a company, when you lump in mini , they believe they'll excel past the record of 2007. let's look at the monthly sales rate or annual sales rate. right now we...
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Dec 7, 2012
12/12
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KQED
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we had a nor'easter in 2006 that came about here, about where sandy came. if you think about it 100 years ago that would be a foot and a half down, it wouldn't even have touched this building. problem is 100 years going forward, if you go up three feet, in 100 years this middle of the road nor'easter is suddenly as high as the storm of record in 1933. >> reporter: the national oceanic and atmospheric administration finds norfolk is the second most vulnerable area its size to sea level rise in the country, right behind new orleans. norfolk is particularly prone to flooding because of its location-- flanked by the atlantic ocean, the chesapeake bay and the james river. it is also slowly sinking. the city is home to roughly 250,000 people, a major port and the world's largest naval base. it is of critical importance to our national security. nearly 45% of the city's economy is tied to defense spending. and in response to sea level rise, the navy has been replacing 14 piers at a cost of $35 million to $40 million apiece. >> sea level here is coming up for lots
we had a nor'easter in 2006 that came about here, about where sandy came. if you think about it 100 years ago that would be a foot and a half down, it wouldn't even have touched this building. problem is 100 years going forward, if you go up three feet, in 100 years this middle of the road nor'easter is suddenly as high as the storm of record in 1933. >> reporter: the national oceanic and atmospheric administration finds norfolk is the second most vulnerable area its size to sea level...
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Dec 3, 2012
12/12
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CNBC
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how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that are on average 11.1 years of age that are really driving car sales. in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. th
how much of this demand rise are we going to see will be sandy rebound from sandy and actually real demand? >> we have low interest rates and old cars on the road. so a lot of the demand is real demand. but the other thing is that all the checks haven't been written for sandy. we've had about two weeks of checks coming from insurance companies. but there will be more probably next month of that than there is this month. so it will help. but it's the general market conditions and cars that...
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this year, many of those letters are coming from hurricane sandy victims. jenna is back with more. >> hey, willie. the letters are addressed to santa, just "dear santa" and some of them really show what a tough year it's been for many kids. the letters begin with a passionate "dear santa." >> i'm 11 years old and been really good this year. >> reporter: what follows are often emotional requests from model cars to miracles. >> what i really want is that you return my mom's health so she won't be sick anymore. >> reporter: each holiday season hundreds of thousands of letters are sent from across the country addressed to, well, to santa claus and for 100 years now fulfilling some of those wishes has been a tradition of the u.s. post office. >> this area is where we send the gifts out. >> reporter: keith fontana is keafe elf of "operation santa" at new york's main post office where last year some 500,000 letters to old st. nick came through. there are thousands of letters here. >> there's roughly about 700, 800 to each tray. >> and this is all letters to santa
this year, many of those letters are coming from hurricane sandy victims. jenna is back with more. >> hey, willie. the letters are addressed to santa, just "dear santa" and some of them really show what a tough year it's been for many kids. the letters begin with a passionate "dear santa." >> i'm 11 years old and been really good this year. >> reporter: what follows are often emotional requests from model cars to miracles. >> what i really want is...
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some criticized center after parts of sandy devastated parts of the shore. because a hurricane warning was not issued ahead of the storm. >> interesting. >> i agree 100%. it was the nor'easter, technically. because it made a transition from a warm storm to a cold storm. but as you said -- know, it had winds of 80 to 90 miles an hour. i think a lot of folks said, well, not a hurricane. not a big deal. >> wasn't a big deal. >> let's take a look at temps and conditions around the region. very quiet. 49 now. north/northwest winds, 13. it will get chilly tonight and tomorrow. then we'll talk about the weekend after this. >>> all right. cooler air headed our way. but as i mentioned, it moved out warmer this weekend. so it's not going to be a real long cold spell. not going to last. at least not this time. take a look at temps. it has dropped down to 49 here. it is freezing. 32 in oakland. and that's moving over the mountains. be here later tonight. 43 in cumberland now. 48, ocean city. and locally, temperatures generally in the 40s now. mid- to upper 40s, still wa
some criticized center after parts of sandy devastated parts of the shore. because a hurricane warning was not issued ahead of the storm. >> interesting. >> i agree 100%. it was the nor'easter, technically. because it made a transition from a warm storm to a cold storm. but as you said -- know, it had winds of 80 to 90 miles an hour. i think a lot of folks said, well, not a hurricane. not a big deal. >> wasn't a big deal. >> let's take a look at temps and conditions...
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still recovering from sandy. and one queens couple is especially angry at the city for what they just received in the mail. >>> president and lawmakers reach out to the business world to help sell their plans to avoid the so-called fiscal cliff. eyewitness news at 4:00 continues with denise after this. >>> it is 4:30. 55 degrees and sunny. hello. thanks for staying with eyewitness news. i'm denise koch. here's what people are talking about. we have an updet on the break -- update on the breaking news we brought you at the top of the show. a shooting at a baltimore county hospital. meganmeghan mccorkell has the latest on a shooting at the university of maryland st. joseph medical center. meghan? >> baltimore county police remain out here on the scene of university of maryland st. joseph's medical center. we're told this incident happened around 2:30 this afternoon. you can see the video from sky eye chopper 13 right here. baltimore county police officer was here inside the emergency room. we're told that he was gu
still recovering from sandy. and one queens couple is especially angry at the city for what they just received in the mail. >>> president and lawmakers reach out to the business world to help sell their plans to avoid the so-called fiscal cliff. eyewitness news at 4:00 continues with denise after this. >>> it is 4:30. 55 degrees and sunny. hello. thanks for staying with eyewitness news. i'm denise koch. here's what people are talking about. we have an updet on the break --...
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Dec 8, 2012
12/12
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KRON
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kristin perry and his sandy live in berkeley. alicea read got the reaction. >> proposition 8 has been a hot topic for quite some time and the supreme court is reviewing it. there will be able to marry whomever they choose marriage is something they look for a word to in their lifetime batting california, that is not an option if you want a legal union with somebody o >> fairness for all, we all have the same people at the same number of chromosomes. i made a decent person, a gay man myself them one proposition 8 and 2008, this union filed a suit saying that it was not constitutional and it was discriminatory. >> there are increased hate crime between lesbians and gays because of laws like this. >> because of others in california that want to marry but cannot. the that the supreme court is reviewing the case they have hope. >> it is possible that there would not of hold the decision for us and that is a possibility and we certainly hope that does not happen. >> the of a hearing coming up in the month of march with they prove that
kristin perry and his sandy live in berkeley. alicea read got the reaction. >> proposition 8 has been a hot topic for quite some time and the supreme court is reviewing it. there will be able to marry whomever they choose marriage is something they look for a word to in their lifetime batting california, that is not an option if you want a legal union with somebody o >> fairness for all, we all have the same people at the same number of chromosomes. i made a decent person, a gay man...
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Dec 8, 2012
12/12
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CNNW
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sunset ♪ ♪ >> danny and sandy together again. teaming up for a new christmas album. and if this music video is any indication, let's just say, it will be one of a kind. and that is the week that was. >> what a week it's been. >>> well, the ceo of netflix is under investigation and it's all because he was bragging on his facebook page, apparently. we'll explain. e district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer qu
sunset ♪ ♪ >> danny and sandy together again. teaming up for a new christmas album. and if this music video is any indication, let's just say, it will be one of a kind. and that is the week that was. >> what a week it's been. >>> well, the ceo of netflix is under investigation and it's all because he was bragging on his facebook page, apparently. we'll explain. e district. the writer's desktop and the coordinator's phone are working on a joke with local color. the...
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147
Dec 4, 2012
12/12
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KTVU
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eye 147
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car sales are back on track after hurricane sandy disrupted the pace. dealership showrooms are busy again with people forced to buy cars demolished by the storm, and consumers are feeling more confident about the economy. at ford, sales were up 6.5%. gm reported a 3.4% hike in sales, while at chrysler, a 14% boost was reported. joe wiesenfelder of cars.com says due to superstorm sandy, the numbers may continue to roll in positive for months to come. "some of what we are seeing is probably deferred purchases in november from that period of the storm itself. gains were also reported among foriegn brands like toyota, where sales were up 17%. the automaker continues to recover from last year's devastating tsunami. a deal may be taking flight between virgin atlantic and delta. reuters reports that singapore airlines is planning to sell its 49% stake in virgin atlantic. sources say delta could be stepping in to buy, which would give delta access to virgin atlantic's hub at london's heathrow airport. due to heathrow's high volume of flights, many airlines are
car sales are back on track after hurricane sandy disrupted the pace. dealership showrooms are busy again with people forced to buy cars demolished by the storm, and consumers are feeling more confident about the economy. at ford, sales were up 6.5%. gm reported a 3.4% hike in sales, while at chrysler, a 14% boost was reported. joe wiesenfelder of cars.com says due to superstorm sandy, the numbers may continue to roll in positive for months to come. "some of what we are seeing is probably...
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Dec 7, 2012
12/12
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MSNBCW
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talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the superstorm sandy. in addition, i think -- and where i would differ from jared just a little bit and we rarely do -- the underlying economy is consideri considerably stronger. if you take into account the number of baby boomers that are retiring, that has not been talked about and does effect the labor force participation rate. the broadest measure of unemployment, the unemployed and those who left the workforce fell to 14.7%. so i think things are getting better. what i'm most afraid of is the type of talk we heard from speaker boehner and maxine waters. they are taking us to the cliff on both side
talking about sandy, there seems to be a lack of sandy effect as some had thought initially. we see a pullback, a little less than half of a percent. we have positive indications there that says the job market is doing better, too. what's your thought here? what drove this unexpected gain in jobs, basically double what some consensus numbers were? >> i think part of it is the data in which it was collected. we had an early thanksgiving so seasonal hiring for the holidays offset the...
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Dec 7, 2012
12/12
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CNBC
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation rate, down 0.2 to 63.6%. how did we get to 7.7% unemployment? basically the number of unemployed persons dropped more than the number of employed and there were downward trends in both those categories. lots to chew on. back to you guys. >> hampton, thank you. we are kind of scratching our heads. let's get more reaction from our panel. mark zandi and jared bernstein are here with us. mark, what do you make of this number? we've set this up as numbers were not going to be things we watched closely because of sandy. >> i'd say two things
now, again, back to hurricane sandy. from the commissioner's statement, the storm we saw happen on october 29th, the next pay period ended on november 12th. the way bls essentially keeps score it says workers have to be off work for the entire pay period to be counted on the negative side. on the household survey side, persons who missed work for weather-related events are counted as employed whether or not they are paid for the time off. we did have a drop in the labor force participation...
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as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this number is going to tell us nothing tomorrow? > know there's going to be a lot of discussion about it. i'll stick to my guns, it's a 125 to 150 economy growth some of that could be sandy. i don't donknow if you want to k about that chart. this looks at the net effect acceptable. if 30% say it's acceptable and 20% say -- these are what we asked people. how many is that? that's five of eight different solutions. >> people say, yes, we're okay dealing with the fiscal cliff, if you raise taxes on those who make more than $250,000 and then you cap deductions, and virtually everything else is off the table. >>
as soon as you get done figuring out, how much is sandy, how much is not sandy, we have to start dealing with the fiscal cliff so there's a shock behind us and a shock in front of us. so we're in limbo right now. and we're expecting a big effect from sandy in the friday number, especially in maybe the household survey, they moved the survey week back a week. because of an early thanksgiving. they do that -- so instead of it being the week of the 12th, it's the week of the 5th. >> so this...
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Dec 4, 2012
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auto sales rebound after hurricane sandy. and mitt romney bounces back with a new job. ashley morrison here in new york with that. >> asian markets saw a mixed day. tokyo's nikkei dropped a quarter percent while hong kong's hang seng added a fraction. >>> a report showing a decline in manufacturing sank stocks on wall street. the dow fell 59 points while the nasdaq lost eight points. >>> hurricane sandy gave a boost to the auto industry. analysts say it added up to 30,000 sales last month with as many as 30,000 vehicles needing to be replaced. the big three auto makers all posting gains in sales. general motors up 3%. ford 6.5%. and chrysler sales increased 14%. >>> drug maker pfizer is preparing to cut back its work force. the layoffs will target sales representatives who market drugs to doctors. pfizer is facing increased competition from generic drugs, particularly from the generic version of its cholesterol medication lipitor. >>> mitt romney may not have gotten the job he wanted when he lost the presidential election, but he's going back to work. romney will rejoin
auto sales rebound after hurricane sandy. and mitt romney bounces back with a new job. ashley morrison here in new york with that. >> asian markets saw a mixed day. tokyo's nikkei dropped a quarter percent while hong kong's hang seng added a fraction. >>> a report showing a decline in manufacturing sank stocks on wall street. the dow fell 59 points while the nasdaq lost eight points. >>> hurricane sandy gave a boost to the auto industry. analysts say it added up to...
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superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there were 200 to 250,000 cars destroyed. not quite that many were sold last month but played into the increase we saw to a certain extent. used car sales were not up as much. true car.com estimating 4%. lori: give the time of year i was reading that the storm and length of time on average people holding onto the cars is like 11 years is actually giving support to overall car prices. can you comment on that? >> yes. sales, transaction prices were up. so were incentives. so kind of balanced itself a little more. people are spending more on cars. shoving a
superstorm sandy having an impact as well. customers in the northeast headed to dealerships with insurance checks in hand giving them so-called wealth effect. we have the foxnews.com automotive editor with sandy ace impact on car sales and overall industry check as well. great to see you. >> you too. lori: talk about sandy. we saw cars literally floating out to see. you automatically thought this would be a boon for the auto industry. what was your take? >> definitely helped. there...
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you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000. >> that will add some jobs, that's not a fair comparison. >> so 200,000 minus 60 is 150 -- >> so you're right there. >> i don't think the economy has chang chang changed deappreciably over the last year. >> well, i think coming into friday's number, we're a little -- we don't think there's 80,000 worth of impact, might be closer to 40,000 or 50,000. whatever, there's been an impact and i agree with mark's point, 1 in about 150,000 job creation in the economy and i don't know that meaningfully changes. but i would say, if anything, the bias next year
you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000....
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Dec 10, 2012
12/12
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not everyone was affected by hurricane sandy. staten island was hard hit and parts of queens hard hit and some parts of new jersey. >> gretchen: what is the most ups íáing part to you. what was your gut instinct? >> why are children tting it that shouldn't. parents can afford to give children their lunchh. >> this is what kristin gillebrand said. we just opened it up for all kids. you i can see that from a certain point of view . with all of the forms and who was displace what was not. you think there could have been a easier process. >> they know each child that was affected. this child gets a free lunchh and this doesn't. that's how they should do it. >> gretchen: they are saying that the storm will cost the american taxpayer $60 billion. is this a waste of the money. >> i think it should go to families who need it i am not getting anything. my homeowners and flood insurance is not giving me anything. they are just giving rental assistance. it should just go to families. >> gretchen: we are looking at pictures of devastation
not everyone was affected by hurricane sandy. staten island was hard hit and parts of queens hard hit and some parts of new jersey. >> gretchen: what is the most ups íáing part to you. what was your gut instinct? >> why are children tting it that shouldn't. parents can afford to give children their lunchh. >> this is what kristin gillebrand said. we just opened it up for all kids. you i can see that from a certain point of view . with all of the forms and who was displace...
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the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl: construction, there was a loss of 20,000. most of us expected a little bit of a game and that ector. >> maybe it will take a little bit longer to give up. my brother is still out of his house. they cannot get anyone to do work on it yet. cheryl: let's go over to the cme. i know that metals has been a big focus for a lot of traders today. what are you watching? >> just the price action in gold. it really gives the feedback. people, you know, maybe a risk on trade. it jumps back to the 17th 04 daily highs. that makes me believe i want to belong before the meet
the labor department says no affect on sandy. there was some data that pointed to the fact that people were leaving the workforce because of sandy. >> the numbers speak for themselves. i do not think the full effects can be known until maybe a couple of weeks. there certainly are people that cannot go to work and have been laid off because businesses are out. there are all sorts of new jobs that have sprung up. i may head down there and start looking for a job myself. cheryl:...
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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why is that not considered sandy related? >> it is weird because there are two different surveys when you look at these jobs numbers. one comes from the businesses. the businesses, they take that survey, november 12th, and the businesses are for the job creation number. the other survey is called a household survey. that's how we determine the unemployment rate. and part of that household survey is did you look for a job last week, yes, no, and why not? so a lot of people said weather related. when i was digging into the numbers, i said a normal november, weather related, about 60,000, here we had 300,000, that's one of the reasons we saw the unemployment rate go down. look, i want to feel good about the unemployment rate being low, but 7.7% happened because fewer people were part of the labor force. that's not the right reason that we wanted to see the jobless rate go down. >> absolutely. and i want to read you something that paul krugman wrote in the new york times earlier this week. he said, long-term unemployment remains
why is that not considered sandy related? >> it is weird because there are two different surveys when you look at these jobs numbers. one comes from the businesses. the businesses, they take that survey, november 12th, and the businesses are for the job creation number. the other survey is called a household survey. that's how we determine the unemployment rate. and part of that household survey is did you look for a job last week, yes, no, and why not? so a lot of people said weather...
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Dec 10, 2012
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look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million dollars short of the revenue it expected to bring in, because when you raise taxes, some people leave. check the big board. same old same old same old. the dow is flat, up just 23 points in the early going this monday morning. here is our company: sandra smith is with us. the conservative commentator is with us. and nicole petallides is there on the floor of the new york stock exchange. here we go, new at 10:00, the latest climate change rant from former vice president al gore. he blames pollution for causing climate change, which h
look no further than superstorm sandy. gore calling on the president and congress to act and act now. that may mean a carbon tax? however, listen to this, a study from colorado state university says the exact opposite. that sandy was not caused by climate change. we will talk about all that in a moment. plus, you want proof that raising taxes does not work, that it doesn't bring in more money? well, in california, where they just voted to raise taxes big-time, the state is more than 800 million...
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we need to learn that lesson for sandy. we need to learn the lesson more broadly and see how we can reasonably expedite import in action an ongoing basis and i look forward to working with all my colleagues on that. >> senator, as you know we have this new section of our bill but as to what exactly got them were working with yourself because you're right, we cannot have a halt to fixing our problems when there's 10 different laws they have to comply with. we need to streamline that appeared gear from senator carper for 10 minutes, senator lautenberg says he is here for 10 minutes from senator cardin for 10 minutes, senator white house or 10 minutes, senator gillibrand for 10 minutes. our committee clearly had so many members had felt the impact of the storm. so let's start with you, senator carper. >> bottomed chair, thank you do you and colleagues and to members of our staff for holding this hearing this morning and for giving us an opportunity to share with all of you some of what we've been through. massive impacts of hu
we need to learn that lesson for sandy. we need to learn the lesson more broadly and see how we can reasonably expedite import in action an ongoing basis and i look forward to working with all my colleagues on that. >> senator, as you know we have this new section of our bill but as to what exactly got them were working with yourself because you're right, we cannot have a halt to fixing our problems when there's 10 different laws they have to comply with. we need to streamline that...
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>>eric: but try telling that to some of the victims of sandy. welcome, everyone, i am here for neil cavuto. they could be satisfied but try telling that to this guy. (inaudible). >> they are worried about vandalism or squatters taking over their house. what are you doing? we want a place to call home. we want to be somewhere for the dam holidays not in someone else's house or a hotel or a shelter. we need answers. >>eric: the resident from staten island you just saw, says no one should be patting themselves on the bang. not yet. thank you for joining us, scott. what we need to tell the audience what is behind you, sir? >>guest: this is my house. this is where me and my wife and dog sleep each night. we don't have no heat. no hot water. no electric. we are using generators that my neighbor has loaned us and we are using portable heaters on the second floor to keep warm at night. >>eric: we hear the lawmakers patting each other on the back and patting fema on the back, how does that make you feel? >>guest: aggravated. stressed out. more depressed
>>eric: but try telling that to some of the victims of sandy. welcome, everyone, i am here for neil cavuto. they could be satisfied but try telling that to this guy. (inaudible). >> they are worried about vandalism or squatters taking over their house. what are you doing? we want a place to call home. we want to be somewhere for the dam holidays not in someone else's house or a hotel or a shelter. we need answers. >>eric: the resident from staten island you just saw, says no...
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sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people. >>> all morning we've been following major developments in both syria, in egypt and syria there are new fears that they could unleash nerve gas on some of the rebels. that's a report from nbc news, that syria is loading the component chemicals. cnn has not confirmed that report yet. egypt, protoasters have started to gather outside the presidential palace in cairo. lots of anger building after the new president gave himself extra powers. the protests were very violent last night. the clashes killed at least five people
sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people....
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his entire home was destroyed by sandy when the canal overflowed. and if that wasn't enough he was sent a notice by the city telling him to clean up the garbage in front of his house. >> i'm blessed to be in a business and position to coordinate an operation like this. >> reporter: doug and 50 volunteers got busy gutting and rebuilding the entire home. >> the facade of the home is new. new plumbing, new electric. >> did you see the kitchen? >> reporter: he came home to a brand-new living room, bedroom and bathroom all donated by neighbors. >> he didn't know me from adam. i didn't know him from adam and look. see what he did? he's wonderful. >> he says he's just grateful to have been a part of the reconstruction. >> it's great. i wish i could do it for everybody. martha: that's so nice. fox new york brought us that story. thank you for that reporting it many a lovely story. nice man, great contractor, thank you for doing what you can. bill: to see the camera, that moment when he's told his life will be okay again. when you think of how many hundreds
his entire home was destroyed by sandy when the canal overflowed. and if that wasn't enough he was sent a notice by the city telling him to clean up the garbage in front of his house. >> i'm blessed to be in a business and position to coordinate an operation like this. >> reporter: doug and 50 volunteers got busy gutting and rebuilding the entire home. >> the facade of the home is new. new plumbing, new electric. >> did you see the kitchen? >> reporter: he came...
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industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they don't have a great fix for that, but, you know, didn't hurt the stock. sales, obviously, still pretty good, really bringing it to toyota on those electric and those hybrid sales. good for u.s. auto makers as well. there's the headlines. auto industry. >> jeff from chicago. >> literally up to speed. >> ha-ha, very good. >> thank you, couldn't resist. >> well -- >> ups and amazon have jobs in the shipment facilities, but there's not a way to fill them. tell you why. >> all right. the idea that the president should negotiate the debt deal with congress on c-span, they should televise the whole thing. realistic or something we would ever want to watch? neil cavuto, we'll see what he thinks of it. heath coming up live in studio, but, first, markets here on "markets now," and here's the win
industry-wide because of sandy. toyota said they they 400,000 cars were damaged in sandy, a boost to gm and ford. look at the stock there. ford stock not harmed by news of another recall for them. that recall's interesting because they don't have a great fix for that, but, you know, didn't hurt the stock. sales, obviously, still pretty good, really bringing it to toyota on those electric and those hybrid sales. good for u.s. auto makers as well. there's the headlines. auto industry. >>...
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before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates remained too low. homes down sharply. and pricing is moving up in california, nevada, arizona all things we learned from the luxury home builder toll today. oh, that's fine. they leave out the most important fact that i hadn't heard from anybody, let alone toll brothers before. demographic play, how the company's chairman talked how demographics are going to take over. household formation is unnatural but because of the great recession. now at least it's picking up. there should are several new home buyers out there because of pent-up demand. well, from the delay of creation of new families
before sandy. where are we internationally? europe. what are some of the other key area, though? i think latin america, though. i think it's coming back. asia already turned. here's the new piece of data. i think europe could be stablized. ford is the one to watch. you get that thing at 11 or blow. i'm out blessing it. haven't done that in a while. in europe i'm thinking that i'm sanguine. excited about ford. we have ample evidence today that i'm right. affordability is skyrocketing. the rates...
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the typhoon unleashed winds stronger than those of hurricane sandy in october. rubble has destroyed homes and landmarks, and many residents are too stunned to fifth help out. >> ipresident obama is asking congress for money on behalf of the states hardest hit by superstorm sandy. president is requesting more in a joint statement, new and new jersey governor chris christie say, the money will help their states rebuild. they also say the money will region from future storms. both governors recently went to washington to lobby >> it has been 71 years since the attack on pearl harbor. bringing the u-s into world war two. coast guard island. gathered to honor those who were killed in the attack that killed about 24-hundred people. the local ceremony included a 21 gun salute. >> what a time to be out watching movies! >> they have to be out there because of the academy awards. they're hoping to go home with gold i have some great movies. and movies. gerard butler in playing for keeps.. the month when jan wahl that- >> andzero dark thirty with kathryn bigelow and those
the typhoon unleashed winds stronger than those of hurricane sandy in october. rubble has destroyed homes and landmarks, and many residents are too stunned to fifth help out. >> ipresident obama is asking congress for money on behalf of the states hardest hit by superstorm sandy. president is requesting more in a joint statement, new and new jersey governor chris christie say, the money will help their states rebuild. they also say the money will region from future storms. both governors...
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here we are with hurricane sandy, thank you very much for all you're doing. we enjoy -- encourage you to use the fema funds that have been provided as be intended and spelled out in the legislation. and there's always an opportunity for supplement. you find there is something we left that needs attention, don't with b ashamed to -- we thank you for appearing before our committee this morning. as we go forward in trying to help the people who have been impacted by hurricane sandy. >> thank you senator cook corcoran. thank you for raising the river debris. those are tied up. let's use the opportunity to get that straight because they're going to be lofts, you know, debris in the mashes and rivers and wetlands along this, you know, islands along this east coast and it just not necessary for people to suffer the way we did trying to get that debris. so many different jurisdictions and et. cetera. thank you for raising that. i want staff to make a note so question make sure we address that. senator? >> thank you madam chair. i don't want to pull a landrieu. i want
here we are with hurricane sandy, thank you very much for all you're doing. we enjoy -- encourage you to use the fema funds that have been provided as be intended and spelled out in the legislation. and there's always an opportunity for supplement. you find there is something we left that needs attention, don't with b ashamed to -- we thank you for appearing before our committee this morning. as we go forward in trying to help the people who have been impacted by hurricane sandy. >> thank...
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system just for the second time in our 108-year history. as it turned out, even our preparation, would not actually, could not protected our entire system from the full-force of sandy's rather. what we saw was truly unbelievable. we watched more than 86 million gallons flood and rush into the two tubes. once sandy passed our top priority was to restore service as quickly and safely as possible. i could not be more proud of the workers and the labor and management who worked so well. we had buses up and running seven hours after the storm, nine hours after that we were
so over a month ago hurricane sandy brought our system to its knees. we experienced a level of destruction that is unprecedented in our 108-year history. there were eight flooded tunnels, 12 subway stations with major damage, some of them destroyed. we lost an entire bridge and a rare line serving a rock line in queens. and we have rail yards and maintenance shops underwater and damaged. just as the superstorm was unprecedented so was the level of our preparation. we shut down the entire system...